Quick Home Equity Loans
 Quick equity loans are a quick way for lenders to run away with
money from home equity borrowers who are in a hurry. When you apply
for a home equity loan, if you are approved, you can normally expect
to receive your money from a lender after two to three weeks. Quick
or rapid equity loans can get you your money sooner but they come
with a higher interest rate or fees.
Quick equity loans work by initiating two loan applications - one
is for a home equity loan (a standard home equity loan or line of
credit) and the other is for a non-secured personal loan. At the
time of application, some credit and property checks are done. While
the home equity loan process takes its time, you can access money
from the personal loan which is approved right away. When the home
equity loan is approved, the lender pays off the personal loan and
cancels it.
This service comes at the cost of a home equity loan with a higher
interest rate or increased fees. If for some reason your home equity
loan is not approved, you can get stuck with a high interest personal
loan. Quick equity loans may offer you your money one or two weeks
sooner, but you will be paying for that convenience for a lot longer
than that.
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